Crypto Analyst Identifies 5 Altcoins To Buy That Could Be A Good Bet
June 11 2024 - 7:05PM
NEWSBTC
Crypto analyst Altcoin Sherpa recently outlined five altcoins that
could provide crypto investors and traders with significant gains.
He noted that these coins were looking “pretty strong” at the
moment despite a lot of other tokens looking like “crap.” Five
Altcoins To Keep An Eye On In an X (formerly Twitter) post, Altcoin
Sherpa mentioned Injective, Wormhole, JasmyCoin, Stacks, and
Toncoin as the altcoins that are looking strong at the moment. He
revealed that he has eyes on these coins and is looking to actively
trade them at some point. In a series of other X posts, he
explained why he believed some of these coins were strong.
Related Reading: Crypto Analyst Predicts 800% Rally To $6,000 For
BNB, Here’s The Timeline In one X post, he talked about Wormhole
and claimed that it was one of the strongest coins. He advised
traders to keep an eye on it if they are actively trading. He
further revealed that he would be looking to buy Wormhole if it
breaks out. He added that if Wormhole pulls back strongly, it will
likely continue to trade within its current range as it is not
ready for that “big move.” In another X post, Altcoin Sherpa
touched on JasmyCoin and stated that the coin is “extremely
strong,” seeing as it didn’t “budge” despite the pullbacks in the
crypto market. He claimed that JasmyCoin could rise to as high as
$0.067 before it experiences any significant pullback. He added
that he wasn’t actively trading it, but it is one to watch.
Altcoin also provided insights into Toncoin’s price action,
which he claimed was “weird,” with the top end being a supply zone
and its price pulling back. However, he remarked that he is still
bullish on the coin because it is enjoying a lot of attention,
mainly thanks to Notcoin. The analyst views the $6 price range as a
level to bid for anyone who believes that Toncoin will still break
past its previous highs. Altcoin Sherpa also seems bullish on
Notcoin. He recently claimed that he has changed his mind about the
token since its price action has calmed down and there is less
volatility. He highlighted the consolidation pattern that has
formed on Notcoin’s chart, which suggests that it is still primed
for major moves to the upside. A Meme Coin To Watch Out For
Altcoin Sherpa is also bullish on Dogecoin and suggests that it is
a meme coin to watch out for. He noted that Dogecoin is still
looking pretty good on the high-time frame charts despite many
memes looking choppy in the short term. He added that he expects
Dogecoin to still do “big numbers” later in the year. Related
Reading: Major Bitcoin Metric Breaks 3-Month Downtrend Amid Bullish
Network Recovery For now, he revealed that he is still expecting
more chops for the next stretch and that he won’t be rushing to buy
any fresh positions for Dogecoin at its current price level.
Altcoin Sherpa had previously predicted that Dogecoin would
eventually rise to as high as $1 in this market cycle as it still
has a lot of firepower. Featured image created with Dall.E,
chart from Tradingview.com
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